M&T Bank Corp Has $704,000 Stake in Coca-Cola Europacific Partners (NASDAQ:CCEP)

M&T Bank Corp trimmed its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,088 shares of the company’s stock after selling 224 shares during the quarter. M&T Bank Corp’s holdings in Coca-Cola Europacific Partners were worth $704,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after buying an additional 2,105,019 shares during the last quarter. FMR LLC boosted its holdings in Coca-Cola Europacific Partners by 3.3% during the fourth quarter. FMR LLC now owns 7,234,642 shares of the company’s stock worth $555,693,000 after buying an additional 229,679 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after buying an additional 872,060 shares during the last quarter. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $190,999,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coca-Cola Europacific Partners by 1.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company’s stock worth $190,243,000 after purchasing an additional 38,911 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $93.55 on Wednesday. The business has a fifty day simple moving average of $91.80 and a 200 day simple moving average of $86.14. The company has a market capitalization of $43.12 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 4.83 and a beta of 0.77. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $97.23. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a $0.8993 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 2.4%.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research analyst reports. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Barclays lifted their target price on Coca-Cola Europacific Partners from $101.00 to $104.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.57.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.